Finding an auto loan is no longer limited to what your current bank will offer or what the dealer brings to the table. You can take control of your next auto loan terms by shopping online for the best deal available. Several auto loan companies post the most competitive auto loan rates online to attract your business.

In today's economy, may people have less than perfect credit. Many companies offer car loans to those who have suffered bankruptcy, late payments or a low credit score. By researching and finding the best auto loan, you'll potentially save hundreds to thousands of dollars each year in payments and interest over other auto loans.

Auto Loans Reviews

If you're looking for transparency and reliability when it comes to financing your next vehicle, put myAutoloan on your list. This Texas-based service, as part of the Horizon Digital Finance group, has been accredited with the Better Business Bureau for more than a decade and holds an impressive A+ rating. Although myAutoloan does not do the lending themselves, but rather refers applicants to as many as four lenders,
they
simplify the process and make it easy to get a variety of offers to choose from.

We were impressed by both the range of services offered by myAutoloan as well as the interest rates offered by their lending partners. Not everyone makes the typical new or used car purchase from a car dealership; so, if you're looking to refinance your current auto loan, to buy out the lease on your vehicle, or even to get a loan to buy a car from a private individual, myAutoloan can help. At the time of our review,
their
lenders' interest rates ranged from 1.74% to 3.48% for terms up to 72 months. Of course, those rates come with the standard disclaimer that they depend on an individual's credit history and credit score.

In order to be eligible to be matched with up to four lenders, myAutoloan requires that you meet the following criteria:

Must be at least 18 years of age (or the age of majority according to your state's laws)

Have a minimum income of $1,800/month or $21,600/year

Have no open bankruptcies

Live in the continental US

Be purchasing a vehicle that is no older than 8 years, has fewer than 100,000 miles, and costs at least $8,000

If you meet those criteria, you can complete myAutoloan's simple, two-minute application by entering basic information about yourself, your employment, and the vehicle you wish to purchase. You'll be given up to four loan offers from which to choose; if one meets your needs, you will receive your online certificate or check within 24 hours.

We also like the helpful information available on the site, under the headings of Learn About Financing, Rates & Calculators, and Resources. There you'll find descriptions of the various types of auto financing, calculators to help you determine how much you can afford to borrow or what your monthly payments might be, an auto buying guide, and quite a bit more. They'll even connect you with insurance companies
to protect
your purchase, and the government website to check for any recalls on your new car.

Customer reviews are overwhelmingly positive. From helpful customer service agents to extremely fast delivery of funds, myAutoloan and its lending partners deliver what they promise.

We love myAutoloan's straightforward service that helps borrowers find the best loan for their purchase and their excellent reputation for customer service. We recommend you give them a try for your auto loan needs.

Web2Carz is an Illinois based company, in business since 2006, that provides a frantic website. This online magazine of sorts covers various topics such as cars, people, food, travel and more. A subset of Web2Carz is a database to find new or used cars as well as car loans. The website attempts to awkwardly satisfy a certain population segment with all of their needs - we felt the auto loan process was confusing and
frustrating.

Despite being in business for several years we found a number of website glitches at Web2Carz that made our auto loan shopping experience inefficient. Buttons that were supposed to allow for selection were locked and we were stuck with no where to go.

The application process is said to match your auto loans with a number of lenders but gives off a sort of hokey appearance. To start the application process you may input your zip code, select new, used or refinance loan, and your credit rating. Web2Carz says it works with all levels of credit and has a 99% acceptance rating. After updating your personal information you submit the request. If a lender is found they
will
contact you to directly but no time frame is provided.

Web2Carz is an unappealing website with broken navigation and an unfriendly car loan shopping experience. We would prefer to review loan offers online and not wait for a lender to contact us to hear what the best rate and terms are. We recommend you use a higher ranked auto loan company for your needs.

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